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SFD concludes its third phase

The SFD concluded its third phase (2004–10), developing cumulatively (since establishment in 1997) about 10,770 projects worth approximately YR260 billion ($1.21 billion). During that phase, the SFD has implemented various projects in 86% of sub-districts within the Yemen 333 districts. The operations have contributed to the national social and economic development plans and poverty reduction and to increasing access of poor communities and disadvantaged groups to services, with operational costs not exceeding 5% of total investments.